In a report released yesterday, Gautam Khanna from Cowen & Co. maintained a Buy rating on Ingersoll-Rand (IR), with a price target of $131. The company’s shares closed yesterday at $122.61, close to its 52-week high of $123.69.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 14.1% and a 76.9% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Currently, the analyst consensus on Ingersoll-Rand is a Strong Buy with an average price target of $121.
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Based on Ingersoll-Rand’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $254 million. In comparison, last year the company had a net profit of $120 million.
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Ingersoll-Rand Plc engages in the provision of products, services, and solutions to enhance the quality, energy efficiency and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. It operates through Climate and Industrial segments.
